Under a perpetual inventory system, the journal entry needed to record the sale of a job includes a   Question 41 options:   debit to Cost of Goods Sold account and credit to Sales Revenue account.   debit to Sales Revenue account and credit to Accounts Receivable account.   debit to Accounts Receivable account and credit to Sales Revenue account.   debit to Finished Goods Inventory account and credit to Cost of Goods Sold account.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Under a perpetual inventory system, the journal entry needed to record the sale of a job includes a
 

Question 41 options:

 
debit to Cost of Goods Sold account and credit to Sales Revenue account.
 
debit to Sales Revenue account and credit to Accounts Receivable account.
 
debit to Accounts Receivable account and credit to Sales Revenue account.
 
debit to Finished Goods Inventory account and credit to Cost of Goods Sold account.
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